05-25-16 Incurred Cost Proposals (ICPs) and The Inevitable Audit Webinar

Join Us for our "Incurred Cost Proposals (ICPs) & The Inevitable Audit Webinar" Training Webinar on
May 25, 2016

DCAA has refocused its audit resources on the so-called incurred cost backlog, contractor indirect cost rate proposals submitted annually as required by FAR 52.216-7(d). Although the majority of these contractor proposals are accepted without audit, those which are audited invoke challenges ranging from invasive DCAA risk assessments (questionnaires), demands for all levels of accounting data and expectations that contractors will concur with the audit results. Now that DCAA is under Congressional scrutiny to “get her done” (Section 893 of the 2017 NDAA), contractors can expect shortened response times for responding to i) DCAA data requests and ii) the draft audit results.

Although the end game, contract closure, is in everyone’s best interest, the incurred cost audits will continue to present new challenges for any contractor subject to DCAA’s after the fact audits and we will identify and discuss the challenges, old and new.

This webinar will include topics such as:

• Identifying the FAR contract clause which requires the annual indirect cost rate proposal,
• Identifying case law (e.g. ASBCA) cases relevant to cost documentation and cost reasonableness,
• Identifying the cost allowability FAR sections most frequently cited (by DCAA) as the basis for questioning direct or indirect incurred costs,
• Locating the DCAA audit policies, audit programs, and adequacy checklists applicable to indirect cost rate proposals

About Redstone Government Consulting, Inc.

Our Company’s Mission Statement: RGCI enables contractors doing business with the U.S. government to comply with the complex and challenging procurement regulatory provisions and contract requirements by providing superior cost, pricing, accounting, and contracts administration consulting expertise to clients expeditiously, efficiently, and within customer expectations. Our consulting expertise and experience is unparalleled in understanding unique challenges of government contractors, our operating procedures are crafted and monitored to ensure rock-solid compliance, and our company’s charter and implementing policies are designed to continuously meet needs of clients while fostering a long-term partnership with each client through pro-active communication with our clients.

In achieving government contractor goals, all consulting services are planned and executed utilizing a quality control system to ensure client objectives and goals are fully understood; the right mix of experts with the proper experience are assigned to the requested task; clients are kept abreast of work progress; continuous communication is maintained during the engagement; work is managed and reviewed during the engagement; deliverables are consistent with and tailored to the original agreed-to scope of work, and; follow-up communication to determine the effectiveness of solutions and guidance provided by our experts.Please visit Redstone Government Consulting, Inc. on the web at www.redstonegci.com.

Copyright 2016. Redstone Government Consulting, Inc.